Why RIG is down 24% since Oct 30
Down 24% so far from Oct 30 to Nov 10.
“Contract drilling revenues were lower sequentially, primarily due to an expected decrease in rig utilization.”
Down 24% so far from Oct 30 to Nov 10.
“Contract drilling revenues were lower sequentially, primarily due to an expected decrease in rig utilization.”
RIG's Quality Score rose 5 points on Mon, Nov 9, to 4. A profit of $292M over the last four quarters, after a loss of $2.9B the four before.
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| Since its 2023 high | Down 41% |
| Latest filing | 10-Q, Nov 3 |
Tue Nov 24: Annual Shareholder MeetingDate confirmed.
1 more date ahead: the report, for Pro members.
After its last 4 reports it closed -2.9% on average, higher 2 of 4 times.
Below Averagefor quality, not price, 1 of 14 chart checks firingWhat the Quality Score means
RIG is #41 of 88 by Quality Score.
| Rank | Stock | Quality Score |
|---|---|---|
| 1 | ||
| 2 | ||
| 3 | ||
| Open for its score | ||
| Open for its score | ||
| Open for its score | ||
| Open for its score | ||
| 41 |
Free cash flow over four quarters: RIG $800M, VAL -$207M.
Expected to report Thu Feb 18, after the close (in 100 days).
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
A profit of $0.02 a share, from a loss of $2.00.
“Contract drilling revenues were lower sequentially, primarily due to an expected decrease in rig utilization.”
| Line | Q3 2026 | Q2 2026 | Q3 2025 |
|---|---|---|---|
| Ultra Deepwater Floaters | $590M | $623M | $696M |
Each quarter's sales and their share of its total. Figures as filed (SEC filing, Nov 3)
No outlook figures read from this release.
Sales grew 4.7% a year over 5 years, fiscal 2020 to 2025.
Its share count grew 9.3% a year over 5 years.
| Reported | Gap | Reaction | 5 days |
|---|---|---|---|
| Nov 2, 2026 | -3.7% | -5.3% | -17.0% |
| Aug 5, 2026 | +5.8% | +0.4% | +10.9% |
| May 4, 2026 | -8.1% | -9.2% | -4.8% |
Sales grew in six of the last seven years, to $4B in 2025. It lost money in each of the eight years.
RSI 38.5, MACD below signal, below both averages. Not scored.
One insider bought $173K across 1 filing, and one insider sold $609K across 1 filing, in the last 6 months. The newest:
One trade disclosed in the last six months. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: RIG is under 0.1% of VTI, the most of the 24 funds Breakaway covers, by their holdings as filed for Jun 30, 2026.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The company provides mobile offshore drilling rigs, related equipment, and crews to support the drilling of oil and gas wells. Its fleet mainly consists of offshore rigs, including drillships, semisubmersibles, and jackups.
RIG scores 4 today, which Breakaway calls Below Average. It is #41 of 88 in Oil & Gas by Quality Score, with 1 of 14 chart checks firing. Down 24% so far from Oct 30 to Nov 10. Shares: 16.5% more than a year ago (to Sep 30). Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
RIG scores 4 today, which Breakaway calls Below Average (0 to 5). That is #41 of 88 in Oil & Gas by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind RIG's 4.
One insider bought $173K across 1 filing, and one insider sold $609K across 1 filing, in the last 6 months. The newest is Chad C. Deaton, Director, who bought $173K on Jul 2. Every filing, with the scored weight, for Pro members.
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Insider and Congress trades, the chart, and the financials, in one score.
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